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205 Results Found
  • PNB Housing jumps 5% as Baring Asia likely offered to buy Carlyle's stake Nov 29, 2021 10:42 AM IST

    PNB Housing jumps 5% as Baring Asia likely offered to buy Carlyle's stake

    Carlyle's attempt to buy a controlling stake in the company got foiled due to corporate governance issues and valuation concerns

  • Lessons From PNBHFL-Carlyle Saga: SEBI moves to revamp pref allotment pricing regime Nov 27, 2021 01:21 PM IST

    Lessons From PNBHFL-Carlyle Saga: SEBI moves to revamp pref allotment pricing regime

    PNB Housing Finance locked horns with SEBI over the pricing methodology of its Rs 4,000-crore deal with Carlyle, as part of which former HDFC Bank MD and CEO Aditya Puri would be a co-investor and join the PSU firm’s board. The transaction opted for the route of preferential allotment of shares, via which the private equity firm sought to acquire control.

  • PNB Housing Fin Consolidated September 2021 Net Sales at Rs 1,583.32 crore, down 21.44% Y-o-Y Nov 03, 2021 11:55 AM IST

    PNB Housing Fin Consolidated September 2021 Net Sales at Rs 1,583.32 crore, down 21.44% Y-o-Y

  • PNB Housing Finance Q2 profit slumps to Rs 235 crore Nov 02, 2021 09:54 PM IST

    PNB Housing Finance Q2 profit slumps to Rs 235 crore

    Among the other key financials during Q2FY22, the company's net interest margin stood at 3 per cent compared to 3.5 per cent in the year-ago period.

  • PNB Housing seeks to withdraw appeal from securities tribunal Oct 21, 2021 09:32 AM IST

    PNB Housing seeks to withdraw appeal from securities tribunal

    PNB Housing Finance said the appeal has been rendered infructuous and the shareholder approval for the preferential issue has been rendered incapable of being received.

  • Why the scrapping of PNB Housing Finance deal is a setback for Aditya Puri and Carlyle Oct 15, 2021 04:47 PM IST

    Why the scrapping of PNB Housing Finance deal is a setback for Aditya Puri and Carlyle

    For the Carlyle-Puri partnership, PNB Housing Finance offered an opportunity to gain entry into the booming Indian mortgage market. The Puri factor was supposed to benefit Carlyle after the acquisition. The termination of the deal is a setback for both parties.

  • PNB Housing-Carlyle deal: SEBI moves Supreme Court against SAT order, firm says examining the appeal Sep 02, 2021 10:32 PM IST

    PNB Housing-Carlyle deal: SEBI moves Supreme Court against SAT order, firm says examining the appeal

    The SAT had last month given a split verdict in the appeal filed by PNB Housing Finance against SEBI over the proposed Rs 4,000 crore investment by Carlyle Group.

  • PNB Housing Finance plans Rs 35,000 crore debt capital as Carlyle deal hangs fire Aug 11, 2021 05:28 PM IST

    PNB Housing Finance plans Rs 35,000 crore debt capital as Carlyle deal hangs fire

    On Monday, Securities Appellate Tribunal (SAT) gave a split verdict in the company's appeal to the court in the matter related to Rs 4,000 crore equity fund infusion led by its existing investor Carlyle group, and others through preferential allotment of shares and warrants.

  • SAT order indecisive on Carlyle deal to buy controlling stake in PNB Housing Finance Aug 09, 2021 11:51 AM IST

    SAT order indecisive on Carlyle deal to buy controlling stake in PNB Housing Finance

    Both the parties can move the Supreme Court against SAT's decision. The Competition Commission of India had, on August 4, given its nod for the proposed Rs 4,000 crore investments by Carlyle Group and other investors in PNB Housing Finance.

  • PNB Housing Finance Q1 net profit down 5% at Rs 243 crore; COVID second wave hits business Aug 05, 2021 09:53 PM IST

    PNB Housing Finance Q1 net profit down 5% at Rs 243 crore; COVID second wave hits business

    On the asset front, the gross non-performing assets (NPAs or bad loans) spiked to 6 percent of the gross advances by June 30, 2021, from 2.76 percent a year ago.

  • PNB Housing Fin Consolidated June 2021 Net Sales at Rs 1,691.81 crore, down 9.53% Y-o-Y Aug 04, 2021 10:44 PM IST

    PNB Housing Fin Consolidated June 2021 Net Sales at Rs 1,691.81 crore, down 9.53% Y-o-Y

  • PNB Housing Fin Standalone June 2021 Net Sales at Rs 1,675.35 crore, down 10.23% Y-o-Y Aug 04, 2021 10:33 PM IST

    PNB Housing Fin Standalone June 2021 Net Sales at Rs 1,675.35 crore, down 10.23% Y-o-Y

  • PNB never objected to housing finance arm’s deal with Carlyle, only asked it to follow SEBI directions: MD & CEO Aug 03, 2021 02:16 PM IST

    PNB never objected to housing finance arm’s deal with Carlyle, only asked it to follow SEBI directions: MD & CEO

    CS Mallikarjuna Rao says the bank will follow whatever directions are issued by the appellate tribunal. In an announcement on May 31, PNBHFL had said that Carlyle Group, its affiliates, existing investors, and Puri’s family investment vehicle will invest up to Rs 4,000 crore in the housing finance firm.

  • SEBI justifies intervention in PNB Housing-Carlyle deal, citing need for independent valuation Jul 16, 2021 05:37 PM IST

    SEBI justifies intervention in PNB Housing-Carlyle deal, citing need for independent valuation

    The regulator told the Securities Appellate Tribunal that it had to step in before the EGM to protect the interests of minority shareholders

  • SEBI tells appellate tribunal it can intervene in Rs 4,000-crore Carlyle-PNB Housing Finance deal Jul 13, 2021 07:04 PM IST

    SEBI tells appellate tribunal it can intervene in Rs 4,000-crore Carlyle-PNB Housing Finance deal

    Regulator tells appellate tribunal that Companies Act empowers it to intervene in the deal, and the ICDR norms are meant to protect the interests of minority shareholders as well. If the article of association mentions independent valuation, why have they not undertaken independent valuation, SEBI asks.

  • Has complied with all regulations in Rs 4,000-crore Carlyle deal, PNB Housing tells tribunal Jul 12, 2021 06:32 PM IST

    Has complied with all regulations in Rs 4,000-crore Carlyle deal, PNB Housing tells tribunal

    The housing finance company tells Securities Appellate Tribunal that SEBI was focusing more on the articles of association, which is an agreement between two shareholders. Housing financier cites a similar deal by LIC Housing Finance and Barbeque Nation to bolster its case.

  • PNB Housing Finance shares hit upper circuit as PNB asks arm to restructure Rs 4,000-crore Carlyle deal Jul 08, 2021 09:45 AM IST

    PNB Housing Finance shares hit upper circuit as PNB asks arm to restructure Rs 4,000-crore Carlyle deal

    The letter from the bank said "the board of directors of the company should take cognizance of the directive issued by Sebi vide their letter dated June 18, 2021 and reconsider restructuring the contours of the deal/transaction of the capital raising in line with such Sebi directive," PNB Housing said in the filing.

  • PNB asks housing finance arm to restructure Rs 4,000 crore capital infusion deal Jul 07, 2021 10:34 PM IST

    PNB asks housing finance arm to restructure Rs 4,000 crore capital infusion deal

    PNB Housing Finance said it received a letter from PNB on July 4 and subsequent to that the board of the company met on July 5 and 6, 2021.

  • Lessons from the PNB Housing Finance fiasco Jun 29, 2021 08:04 AM IST

    Lessons from the PNB Housing Finance fiasco

    While in many transactions it may not be able to please all sections of investors and market participants, PNB Housing Finance and the board owe it to shareholders to conduct the entire process in a transparent manner in the quest to extract maximum value

  • PNB apprises board of developments related to PNB Housing Fin-Carlyle deal Jun 25, 2021 09:45 PM IST

    PNB apprises board of developments related to PNB Housing Fin-Carlyle deal

    Earlier this week, PNB Housing Finance held shareholders'' meeting for seeking approval for the deal. However, the outcome of the meeting would be disclosed after Securities Appellate Tribunal (SAT) order.

  • PNB Housing Finance EGM: Minority shareholders lack votes to halt Carlyle deal; PNB vote critical Jun 22, 2021 01:57 PM IST

    PNB Housing Finance EGM: Minority shareholders lack votes to halt Carlyle deal; PNB vote critical

    PNB Housing’s EGM on a special resolution to approve the Carlyle deal needs 75 percent majority of those present and voting. The parties to the deal – Punjab National Bank and private equity firms Carlyle, General Atlantic and Ares SSG – own an 85 percent stake in the company

  • Explained | Why SEBI stalled the PNB Housing Finance-Carlyle deal, what happens next and more Jun 22, 2021 10:55 AM IST

    Explained | Why SEBI stalled the PNB Housing Finance-Carlyle deal, what happens next and more

    What is the controversy over the Rs 4,000-crore deal about? If you are wondering what the fuss is about, below is a primer answering all the big questions.

  • SEBI's interference in the PNB Housing-Carlyle deal offers a good opportunity to invest  Jun 22, 2021 10:08 AM IST

    SEBI's interference in the PNB Housing-Carlyle deal offers a good opportunity to invest 

    By SES’s logic, all fundraising should be done through a rights issue irrespective of the time and cost involved

  • PNB Housing Finance vs SEBI: SAT gives nod for EGM on June 22; Voting results to not be declared till further orders by Tribunal Jun 21, 2021 04:27 PM IST

    PNB Housing Finance vs SEBI: SAT gives nod for EGM on June 22; Voting results to not be declared till further orders by Tribunal

    The tribunal has also directed PNB Housing Finance to issue specific directions to NSDL to not reveal the voting results. The matter will now come up for final hearing on July 5.

  • PNB Housing Finance share price locked in lower circuit after SEBI halts Carlyle group deal Jun 21, 2021 09:33 AM IST

    PNB Housing Finance share price locked in lower circuit after SEBI halts Carlyle group deal

    PNB Housing Finance has now challenged the SEBI directive in the Securities Appellate Tribunal.

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